Broadband

Corporate moves

Singtel’s Thai associate receives approval updates on moves to acquire Thai broadband entities

AIS says material issues will require "careful reconsideration" of whether the proposal to acquire TTT and JASIF will sustain.

Broker's Calls

PhillipCapital upgrades APTT to 'buy' due to recent share price weakness

The trust’s higher margins and free cash flows make for ‘attractive’ dividend yield, says the brokerage.
StarHub to invest up to $162.8 mil in MyRepublic’s broadband business, acquires 50.1% stake - THE EDGE SINGAPORE

M&A

StarHub to invest up to $162.8 mil in MyRepublic’s broadband business, acquires 50.1% stake

StarHub will pay an initial consideration of $70.8 mil and a deferred consideration of up to $92 mil.

Broker's Calls

Netlink NBN Trust a shelter in times of uncertainty: CGS-CIMB

Netlink Trust is a 'defensive yield play amid market volatility', says CGS-CIMB, who initiated a 'add' call on the stock.

Tech

Singapore tops global rankings for highest peak connection speed in 1Q: Akamai

SINGAPORE (June 1): Singapore has retained its No. 1 position with the world’s highest average peak connection at 184.5 megabits per second (Mbps) in 1Q17, according to the Akamai’s First Quarter, 2017 State of the Internet Report.

Broker's Calls

StarHub’s unsurprising 1Q results continue to forebode challenges ahead

SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98.

Results

StarHub posts 21% decline in 1Q earnings to $73 mil on higher expenses, lower other income

SINGAPORE (May 3): StarHub reported $73.1 million in earnings for the 1Q ended March, 21.3% lower as compared to $92.8 million reported the year before on the back of higher operating expenses and lower other income.

Results

StarHub’s 3Q earnings drop 27.6% to $86 mil from lower mobile services revenue, decline in non-operating income

SINGAPORE (Nov 2): StarHub reported a 27.6% fall in earnings to $86 million in 3Q from a year ago.
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